Hungary's residential prices cheapest in the region

Christian Keszthelyi

Wednesday, September 24, 2014, 10:30

With an average price of €917 per square metre, Hungary's household property market is the cheapest in central Europe, a survey published today by consultancy Deloitte shows. Deloitte's survey compares real estate prices in 14 European countries, plus Russia and Israel.

The most expensive place in Central Europe is the Czech Republic where property sells at €1,186 per sqm. In Western Europe, Britain and France head the list, with newly built residential property costing €4,000 per sqm on average.

According to the survey, the most affordable capital cities are Budapest, Lisbon and Warsaw, where properties cost €1,140, €1,640 and €1,704 per sqm respectively. The most expensive are London and Paris where prices are exorbitant.

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